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delay on a deal could ruin consumer confidence and hurt-day retail sales. nbc's tracie potts joins us from washington with all of those details. tracie, good morning to you. >> reporter: hi, lynn. good morning, everyone. as we track negotiations over the next few weeks, keep in mind that the key sticking point seems to be how do you get people who earn over $250,000 to contribute more? limit their deductions? close loopholes? or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the ba
in running. >> it was a test for both of us. but that was the foundation of our relationship. >>> facing the fiscal cliff, now, the president's week is packed with meetings about it. tomorrow and wednesday he'll talk with business leaders and labor representatives, in preparation of his first round of bipartisan talks with congressional leaders on friday. >> reporter: today, top democrats drew a hard line. it's higher taxes on the wealthy or the nation goes over the fiscal cliff. >> if the republicans will not agree with in a, we will reach a point at the end of this year where all the tax cuts expire. and we'll start over next year. >> reporter: this, as one influential conservative called on republicans to give ground. >> let's have a serious debate. let's not scream and yell. it won't hurt the company. half of them voted democratic and half of them live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. he would raise revenues by closing loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone say
Search Results 0 to 2 of about 3 (some duplicates have been removed)